Mexican construction firm Elementia expects IPO later this year

May 4, 2015 11:55 PM

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MONTERREY May 4 (Reuters) - Mexican construction conglomerate Elementia, part-owned by tycoon Carlos Slim, still expects to go public this year after market volatility caused it to miss a launch target, the company said on Monday.

"We think that the volatility has diminished, which means that we'll probably be ready to do it in the next six months," said Fernando Ruiz, who became chief executive in February.